Reddit's shares surged 15% on Friday after it reported quarterly results that exceeded Street expectations, boosting investor confidence in the platform's AI-based advertising tools and strong user engagement.

Reddit plans to expand its AI search tool globally, beyond its 12-country user base. Reddit stock climbed 15% Friday after it revealed its second-quarter results, with revenue up 78% year-over-year to about $500 million and EPS hitting $0.45, far surpassing Wall Street expectations.

In 2021, a group of Reddit users did the unthinkable - they shook the foundations of Wall Street. This video unpacks the full story of the GameStop short squeeze, from early YouTube posts to billion-dollar losses for hedge funds.